Overall we continue to see high demand for skilled professionals in insurance as a whole, with the job market buoyant and providing a lot of opportunities. In particular, the life insurance market is very busy and in a localised trend Victoria is also seeing staffing demand within the broking market.
The market however remains candidate short, especially across superannuation processing, life insurance and insurance administration. As a result, salaries are starting to increase.
Both temporary and permanent opportunities are available, with the focus from many employers on securing candidates in a permanent role. This is a response to the candidate shortage within insurance across the board.
Skills in demand
In terms of skills in demand for the October to December 2015 quarter, we’re seeing high demand for Claims Assessors in life insurance. The life insurance market is booming, and employers are now looking at candidates from a workers' compensation background who can make the transition. We are experiencing high volume needs in both retail and group areas.
Claims Assessors are also needed in general insurance as Sydney prepares for the summer season.
Account Executives are in high demand in broking in Victoria. There is a real skill shortage in broking for experienced Account Executives who have business packs product knowledge and a huge demand for ISR. Candidates at the Assistant Account Executive level are also sought for the same reasons.
Insurance Administrators in life and general insurance are also sought, while Superannuation Processing Officers are another area of demand.
In terms of candidate trends, more candidates are interested in future possibilities but their salary expectations are higher due to their awareness that their skills are in high demand